- Category: Administration and Budget
- Topic: Disbursement and Check Signing Authority
- Board meeting date: 13 March 2001
- Resolution number: 01.30, 01.31, 01.32, 01.33
- URL for Board minutes/resolution: http://www.icann.org/en/minutes/prelim-report-13mar01.htm
- Status: Completed
Summary
Board authorizes key officers to authorize disbursements of the Corporation's funds and sign checks within specified parameters.
Text
Resolved [01.30] that the Vice President and General Counsel, Louis Touton, and the Chief Financial Officer, Andrew McLaughlin, and each one of them, may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts of US$ 10,000 or less.
Further resolved [01.31] that, upon his taking office as President of the Corporation, M. Stuart Lynn may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts of US$ 50,000 or less.
Further resolved [01.32] that, upon his taking office as President of the Corporation, M. Stuart Lynn may authorize disbursements of the Corporation's funds, and sign checks of the Corporation, in amounts exceeding US$ 50,000, when so authorized by action of either the Board, the Finance Committee, or the Executive Committee. Such approvals shall be given upon a showing that they are within the President's authority.
Further resolved [01.33] that the authorizations to disburse funds and to sign checks as set forth in Board resolutions 00.35 through 00.38 shall cease to be effective as of the adoption of this resolution.
Implementation Actions
- None
- Responsible entity: None
- Due date: None provided
- Completion date: None
Other Related Resolutions
- TBD
Additional Information
- The resolution does not address funding for the items identified therein.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.
